The June residential rental vacancy rate for Ballarat has decreased to 2.6%, from 2.8% in May according to the latest figures released by the Real Estate Institute of Victoria.
Ballarat’s median rent for houses decreased to $330 per week for June, from $340 per week in May and units/townhouses remained the same at $280 per week.
The Regional Victorian vacancy rate dropped from 2.0% to 1.8% over the month, however median house rents still remained unchanged on $350 per week while units rose $5 to $300 per week.
In Geelong, house rental prices went up by $10 to $400 per week while house rents in Bendigo fell by $10 to sit at $320 per week.
The vacancy rate in Melbourne increased again to 3.0% from 2.8% in May, median rents for houses in Metro Melbourne also increased, $13 to $473 per week and the median rent for units also increased, $10 to $420 per week.
Source: REIV
Welcome to this week’s real time residential market insights, we’ve created this document to provide clarity to all our customers on what is happening in the market now. As Australasia’s largest real estate group, selling one in every nine homes across Australia, we are uniquely placed to provide our clients with the … Read more
The August residential rental vacancy rate for Ballarat has fallen to 2.2%, down from 2.4% in July and 2.6% in March according to the latest figures released by the Real Estate Institute of Victoria. This is good news for Ballarat investors and proves how resilient the Ballarat rental market has … Read more